We expect ZC to trend downwards later today. Based on these past Australia Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is < 2.9%. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion
31 Jan 00:30 |
26 Jul 01:30 |
27 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
